ChyNA
Two words. BOOK ENTRY
China only holds a little over 1 trillion in treasury securities at this time.
Remember treasury notes are paid out when they become mature. If China unloads securities on a secondary market prematurely, they would have to sell below value. The new holder would then collect when the note reaches maturity.
When either Japan or China cut back on future treasury purchases, the New York money market notices.
The American establishment wants you to believe that foreigners are screwing you over. When its actually our own people screwing us over. Those people live in area codes around Washington D.C.